Shortages and the informal economy in the Soviet republics, 1965-89

Bibliographic Data

ID3243266
AuthorsByung‐yeon Kim (Seoul National University), Yoshisada Shida (0000-0002-0433-015X, Hitotsubashi University)
Year2017
Volume70
Issue4
Pages1346-1374
Publication date2017-11-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Economic History Review (JOURNAL)
Journal identifiersISSN: 0013-0117 • E-ISSN: 1468-0289
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ehr.12431
OpenAlexW66182560
LanguageEN
Citations received3
References cited24

This study measures the informal economy and shortages of consumer goods in the Soviet republics from 1965 to 1989 to estimate the relationships between these two variables. Using estimation methods, including a fixed-effect model and the instrumental variable approach, we find that the informal economy and shortages reinforced each other. Results indicate that the Soviet central planning system was difficult to sustain. Substantial heterogeneities across the Soviet republics exist not only in the extent of the informal economy and shortages, but also in the associations between the two variables

Econometrics · Economic growth · Economic shortage · Economic system · Economics · Economy · Estimation · Informal sector · Instrumental variable · Planned economy · Variable (mathematics) · Corruption and Economic Development · Local Government Finance and Decentralization · Mathematics · Russia and Soviet political economy